Maritime Industry Top News
Shipbuilding: Damen TSHD for Portuguese Dredging Company
Recently the Jose Duarte started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company, to a Spanish design and using Dutch dredging equipment. The European cooperation has resulted in a customized dredger performing above expectations on her first job.Portugal has a long coastline and a number of busy navigable rivers – an excellent backdrop for the dredging company Inersel.
Roxtec Fire Lab Opens
Roxtec reports that it has more than doubled its fire resistance testing capacity, opening in Sweden a new laboratory that creates conditions for continuous development of safety products.The fire lab is located at the Roxtec headquarters in Karlskrona, Sweden, and it will play a key role in the product development and pre-certification process for the sealing solutions. With the lab Roxtec engineers and technicians can prepare tests with exactness.
Tankers: Euronav Signals Strong Start to 2019
Belgian crude oil shipper Euronav NV said on Thursday it saw the return of a strong freight rate market during the fourth quarter, signalling a strong start to 2019.The company's core earnings (EBITDA) rose by 16.5 percent to $102.3 million in the last quarter of 2018."VLCC (very large crude carriers) freight rates trading at rates not seen in the last two years demonstrate an already tight balance between tanker demand and supply…
Obituary: Axel Kettmann, VP, CIMAC
CIMAC’s Vice President Axel Kettmann died on Monday at the age of 62 after a serious illness. The association has lost a companion who was extremely committed to the interests of the industry for many years, advancing many important topics.Axel Kettmann, Senior Vice President of ABB Turbo Systems in Baden for many years, always had a pragmatic view of what was feasible, without losing sight of the vision of innovative and clean energy generation.
TOP 5 Yachts of 2018
While the task to name only five 'Top' yachts of the year, Maritime Reporter & Engineering News' Lisa Overing gives it her best shot in the January 2019 edition.M/Y TIS: “Size Matters”The age-old question of whether or not size matters is typically directed at men. However, since a ship is called she, Maritime Reporter’s top spot for greatest yacht of 2018 is the class of 2018’s largest launch, M/Y TIS…
Offshore Terminal Plan Slowed by U.S. Shutdown
The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday.Enterprise plans to file a 10,000-page permit application with the U.S. Maritime Administration and the U.S. Coast Guard as soon as the U.S. government reopens.
Shipbuilding: Keppel Sees Rig Recovery, Profits Up
Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss of S$492 million a year earlier, when it accounted for a…
Shipbuilding; Irish Ferries to Build Two Vessels
The European Investment Bank is providing EUR 155 million to finance two new passenger and vehicle ships for the Irish Continental Group (ICG) subsidiary Irish Ferries.The…
Seaspan Shipyards Awards JSS Contract to INDAL Technologies
Canadian shipbuilder Seaspan Shipyards has awarded Ontario-based INDAL Technologies Inc. a contract valued at almost $20M for work on Canada’s new Joint Support…
Gazprom, Mitsui Discuss LNG Cooperation
Japanese trading house and liquefied natural gas market participant Mitsui has held talks with Russia’s giant Gazprom on cooperation in liquefied natural gas (LNG)…
Wärtsilä Bags New Orders for Aquarius UV BWMS
Finnish technology giant in the marine and energy markets Wärtsilä Oyj announced that it has recently been awarded a number of contracts to supply its Aquarius UV…
WSM to Manage FSRU for Pardus Energy
Wilhelmsen Ship Management (WSM) has entered into a management agreement with Ireland-based Pardus Energy for their new building Floating Storage and Regasification Unit (FSRU).WSM…
NYK Takes Delivery of New Coal Carrier
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has taken delivery of a coal carrier equipped with a binary cycle power-generation system that utilizes…
Kavan Ratnayaka Appointed as Chairman of Sri Lanka Ports Authority
Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA)…
North Sea Port Receives the First Ship Balao
The ship Balao docked at Verbrugge Terminals in Vlissingen, in North Sea Port, carrying a cargo of fruit. This was the first ship to arrive as part of this logistical…
Singapore Solidifies Maritime Hub Status
Singapore has introduced two initiatives for the maritime industry - the Singapore War Risks Insurance Conditions (SWRIC) and the development of an inter-operability…
Eagle Bulk Acquires One Ultramax, Sells Two Supramaxes
Connecticut-headquartered Eagle Bulk Shipping announced that it has purchased a high-specification 2015-built SDARI-64 Ultramax bulkcarrier for a purchase price of USD 20.4 million.
Hamburg Port Completes Rail Terminal Expansion
Hamburger Hafen und Logistik AG (HHLA) has completed a project to expand the rail facilities at its Container Terminal Burchardkai in the Port of Hamburg.Two extra…
LNG Import: China is World's No. 2 buyer in 2018
China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.The previous record of 5.99 million tonnes was set in November.For the whole of 2018, imports grew 41 percent from 2017 to a record 53.78 million tonnes, according to the data from the General Administration of Customs.
BIOFUELS: Clariant, ExxonMobil, REG Partners on Research
Clariant signed a joint research agreement with ExxonMobil and Renewable Energy Group (REG) to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.The new partnership expands a previously announced agreement[1] for joint research between ExxonMobil and REG…
